Massachusetts Financial Services Co. MA Sells 18,882 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Massachusetts Financial Services Co. MA lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,126,977 shares of the real estate investment trust’s stock after selling 18,882 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Alexandria Real Estate Equities were worth $133,829,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in Alexandria Real Estate Equities in the third quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth about $30,000. UMB Bank n.a. increased its holdings in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $33,000. Finally, Venturi Wealth Management LLC lifted its holdings in Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ARE shares. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Evercore ISI dropped their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, Robert W. Baird reduced their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus price target of $127.30.

Alexandria Real Estate Equities Stock Up 2.3 %

ARE stock opened at $108.30 on Friday. Alexandria Real Estate Equities, Inc. has a 1-year low of $102.89 and a 1-year high of $135.45. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of 66.04, a price-to-earnings-growth ratio of 3.97 and a beta of 1.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $115.57 and its 200 day moving average is $117.37.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. During the same quarter last year, the business posted $2.26 EPS. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.